Reuters Market Eye - Shares in Tata Motors(TAMO.NS) gain 2.7 percent, tracking optimism ahead of its Jaguar Land Rover unit's wholesale volume numbers, which are scheduled to be released later in the day, dealers say.
Shares are also tracking a 3.4 percent gain in the company's American depository receipts (TTM.N) on Wednesday.
Nomura expects wholesales volumes to be higher, at around 32,500 units, due to new model dispatches, it said in a report.
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What seemed like a possibility for the Nifty to cross the 8,000 mark just two weeks ago has now turned out to be a far-fetched dream. A 7,950-8,000 range could be used to book partial profits and re-enter closer to 7,750-7,800 for the next couple of weeks. The next big trigger would be the arrival of monsoons, writes Ambareesh Baliga. Read